<u>Option E is correct. The management regulation is not an advantage of franchising.</u>
Further Explanation:
Franchise: Franchising is a form of business where the franchisor (who has an established brand name) gives the right to the franchisee to use its trademark, products, services, and also provide training and assistance for operating the business. The advantages of the franchising are:
• Marketing and Management assistance: The training is provided by the franchisor to the franchisee on how to carry on the business and also provide marketing assistance.
• Personal ownership: The franchisee is the owner of the business in the territory of which is he /she purchased the rights. He pays the royalty for the right purchased
• Nationally recognized name: The franchisor's business usually has a global presence, so it is nationally recognized.
• Financial advice and assistance: The franchisor provides financial assistance and advice to the franchisee so that the business can maintain its brand name.
• Lower failure rates: Since the franchise has a global presence and brand position, so chance of failure is lower.
<u>Therefore, the management regulation is not a benefit of franchising because the franchisee cannot change the way management is being done, although the business is owned by the franchisee.
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Learn more:
1. Learn more about the management resource activity
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2. Learn more about the management charactistics
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3. Learn more about customer relationship management
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Answer details:
Grade: High School
Subject: Business
Chapter: International business
Keywords: Cody Barnett, Sonic franchise, management assistance, personal ownership, lower failure rate, management regulation, nationally recognized name.
